profile

Taylor Schulte

Retirement and tax planning tips...in plain English.

I'm the host of the Stay Wealthy Retirement Show and founder of Define Financial, an award-winning retirement and tax planning firm. When I’m not helping people lower their tax bill, you can find me traveling with my wife and kids, searching for the next best carne asada burrito, or trying to master Adam Scott’s golf swing.

Featured Post

The Future of Social Security

Hi Reader, Social Security is a touchy subject. Over the years, I've observed the attitude toward Social Security becoming increasingly negative due to its perceived insolvency. Due to this perception, it's not uncommon for retirement savers to question if (or how) they should include it in their future planning. While the overall health of the Social Security program is not great, it's still better than many people realize. In today's email, I want to share some important updates about the...

6 days ago • 3 min read

Hi Reader, One of the most popular investing books of all time is The Intelligent Investor by Benjamin Graham. Originally published in 1949, it has been updated multiple times and continues to be a best-seller today. In case you haven't heard of Benjamin Graham, he was Warren Buffett's teacher and mentor. And Buffett has said that he considers The Intelligent Investor to be "the best book on investing ever written." I'm not necessarily encouraging you to read the book (candidly, it's a bit...

13 days ago • 3 min read

Hi Reader, Today, I'm sharing some of my favorite investing and economic charts from the past month. These charts cover topics like: Market Drawdowns The Middle East & Geopolitical Risk Politics & Investing Before we dive in...did you catch this week's podcast episode? 👉 How to Protect Yourself From Financial Scams (+ New Resources) In this week's episode, I share a story about a couple who lost $2 million to an investment scam. I also sharing (new!) resources to help protect your personal...

27 days ago • 2 min read

Hi Reader, New research has found a new "magic" retirement savings number. I say “magic” because if you put 10 people in a room, you’ll get 10 different opinions about how much you should save for retirement. And this estimate is no different. Northwestern Mutual recently surveyed 4,588 adults and found: The new “magic” number for a comfortable retirement is $1.46 million. It’s up 15% from last year’s $1.27 million number and is also an eye-popping 53% higher than the 2020 estimate.😳 Broken...

about 1 month ago • 2 min read

Hi Reader, The Wall Street Journal recently published an article detailing a survey based on this question: "Exactly how much more income do you think you need to be happy?" What do you think? How much more income do you think you'd need to be happy? Before we dive in...did you catch this week's podcast episode? 🎙️ Listen to The Best Retirement Account Type, Making Investment Changes, and More! We're answering listener questions like: “What account type is best to invest in after you’ve...

about 2 months ago • 2 min read

Hi Reader, Each spring, J.P. Morgan releases a helpful document they call Guide to Retirement. It's packed with interesting ideas and data that are all focused on retirement. While I think the entire document is valuable, I've handpicked eight charts that I think can help us make better retirement decisions. I've also added some commentary that I hope you'll find valuable. Let's dive in. (Note: If you want to download the entire 53-page guide from JP Morgan, click here.) 1.) Focus on What's...

about 2 months ago • 4 min read

Hi Reader, Today I'm wrapping up our three-part series on investing. (Need to catch up? Here's Part One and Part Two.) Specifically, I'm sharing additional ways to ease your transition from chaotic to more orderly investing. Some steps are purely practical. Others help you remain calm and confident along the way. You can mix and match them as needed to improve your investment success. Before we dive in...did you catch this week's podcast episode?👇 Inflation is Cooling: Why Does Everything...

2 months ago • 4 min read

Hi Reader, Today I'm sharing Part Two of my three-part series on investing. As shared in Part One, when you sell an investment for more than you paid for it, you can sometimes be faced with capital gains taxes. So, how do you navigate around capital gains while also transitioning your portfolio into the right investments? That's what I'll be sharing in today's email! Before we dive in...did you catch this week's podcast episode?👇 Roth Conversions: How Does the "5-Year Rule" Work I share TWO...

3 months ago • 3 min read

Hi Reader, Today I'm sharing part one of a three-part series on investing. (I'm also sharing a free PDF checklist at the end: "What Issues to Consider When Reviewing Your Investments") This series will walk you through how to transition from a chaotic collection of assets into a well-structured investment portfolio. Each part will explore the separate planning pieces involved in minimizing the taxable impact of a desired transition... ...while successfully moving toward a more orderly...

3 months ago • 3 min read

Hi Reader, Inflation is mostly back under control, with the recent headline inflation reading coming in at 3.1%. It may surprise you that the current reading is actually below the long-term average of 3.8% from 1960-2022. In today's email: If inflation is, in fact, back under control, why does everything still feel so expensive? Before we dive in, did you catch this week's podcast episode?👇 4 Retirement Planning Misconceptions Roger Whitney joins me to talk through 4 rarely-discussed...

3 months ago • 2 min read
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